Canada Sports Betting – Our Online Sports Betting Tips and Strategies for You

Pick a Site With a Good Welcome Online Casino Bonus

Make sure you get your money’s worth

Though most online betting operators offer smaller welcome bonuses than most of the online casino bonuses, you can still collect some great bonuses when you make your first deposit. Make sure to check if there is a good welcome bonus, deposit bonuses, or recurring promotions to make sure you get the best bang for your buck.

Learn All You Can About the Deposit Options

Do your research before signing up and placing bets

Read everything you can about the site, the betting opportunities it offers, all available sports promotions, whether it is available for mobile betting, and its various online casino deposit options. You should also take time to check out its customer service options, as well as familiarize yourself with the ease of its user interface.

Furthermore, you should read through the terms and conditions of the site before you start betting online, especially in regards to the various bonuses in offers in order to avoid any unwelcome surprises. Most bonuses and site offers (for example, the sign-up bonus) have a wagering requirement (sometimes called a rollover requirement), which means you would have to bet a given amount to make the bonus complete.

Also, be sure to check the minimum and maximum deposit and withdrawal limits to ensure that they fit your bankroll.

Use the Betting Site’s Resource Section

All the info you need at your fingertips

If you are a complete novice sports bettor and wish to learn how to place bets, plenty of online betting guides will provide you multiple tips and strategies. These are generally very useful and will help you start betting quickly, whether it’s betting on the Super Bowl in the NFL, March Madness in online NCAA college basketball betting, Stanley Cup in the NHL, the MLB World Series, or any other sports event.

Moneyline Bets

An online moneyline bet is a sports wager on which team will win a particular game. The moneyline wager is the most popular way to bet on hockey and baseball, but exists also for basketball, football and other sports. In this type of bet, the payout is the same regardless of how many runs or points scored by the team you wagered on.

Placing moneyline bets requires that you first understand the American odds system, which always uses a 3-or-more digit whole number expressed as either positive or negative. The reason there are positive and negative moneylines is that the two teams are often not equally matched.

A negative moneyline, for instance, represents how much a bettor must stake to profit $100, with a line of -180 requiring a $180 bet in order to profit $100. Therefore, if your bet is successful, you keep the $180 you staked plus the extra $100 in winnings. Meanwhile, a positive moneyline is how much a $100 stake will pay. For example, if you stake $100 on a line of +160, if your bet wins, you keep the $100 you stake plus an extra $160 in winnings.

Point Spread Bets

Online point spread betting is the most popular way to bet on the most frequently wagered upon sports in Canada, namely hockey, football and basketball. The basic idea behind point spread betting is to make the sports game closer to a 50/50 proposition by adding a handicap.

For example, you could find they New York Giants +10.5, and the Philadelphia Eagles -10.5. How this works is that the favourite team always has a negative value alongside it, and the underdogs a positive value. In our example, the Philadelphia Eagles are the favourites to win by 10.5 points in this game. Meanwhile, the underdog in this game are the New York Giants, which has a +10.5 value, meaning online sports bettors will profit if the New York Giants win the game outright or lose by 10.5 points or less.

All point spread wagers also have a price or commission, which is otherwise not stated by the operator, or Las Vegas sportsbooks is assumed to be -110. In other words, risk $110 to profit $100, or if simplified, every dollar bet you bet, the operator receives 10 cents, rather than an even 50.50 line in which you bet a dollar to make a dollar. This extra price you’re charged is referred to as vig or juice and is how the sports betting platform make their profit.

When sports betting online, you’ll commonly find point spreads that have half points involved (example -2.5 / +2.5), thus ensuring there is no way for a sports bettor’s wager to be tied.

Totals – Over/Under Bets

Totals betting, or over/under betting is one of the easiest sports bets to understand. Here you bet on whether the total number of points scored by both teams combined during a game will be over or under the posted betting total.

For example, this bet might be over/under 8.5 runs in baseball; over/under 5.5 goals in hockey; over/under 40.5 points in football; over/under 200 points in basketball, etc. Similar to point spread betting, unless otherwise stated these bets are assumed to be offered at -110 (risk $110 to profit $100). Also similar to point spread betting, it’s also quite common in totals betting to see each option have a different price, such as over 5.5 -130 / under 5.5 +110.

Parlay Bets

A parlay bet is where you can place multiple wagers at the same time on one ticket. If you lose one bet, you lose all of your wagers from that ticket.

However, a bigger risk means a bigger potential payout if you do win. The more bets you make on one ticket, the more money is on the line to be won. Because of the risks involved, these bets are recommended for experienced bettors and not beginners.

Here’s an example of bets that might be on your parlay ticket: You could bet on Boston to win an MLB game at -110, Toronto and Montreal to score over 5 goals during a hockey game, and you bet on Tiger Woods to beat Phil Mickelson by 10 shots.

Teaser

similar to a parlay, a teaser contains multiple event bets where the point spread and/or totals can be adjusted by “buying” points.

An example of this would be a 2-team, 6-point teaser where the Browns are originally -6 (6-point favorites, must win by 7) and Seahawks are -3 (3-point favorites, must by 4), but with the 6-point teaser, you move the spread to Browns (EVEN, all they need to do is win) and Seahawks (+3, they can win or lose by 2 or 1) and still win the bet.